The Timberwolves announced the extension on Wednesday, but did not disclose terms.

Wiggins, 22, was the No. 1 overall selection in the 2014 draft and has joined Karl-Anthony Towns and Jimmy Butler as pillars of the Timberwolves’ franchise.

Wiggins averaged 23.6 points, four rebounds and 2.3 assists in 82 games last season. He also shot a career-high 35.6 percent from 3-point range, continuing to develop as a playmaker and two-way player. Minnesota added Butler, Jeff Teague, Taj Gibson and Jamal Crawford this offseason and is expected to compete for a postseason spot in the Western Conference.

Wiggins entered the NBA in 2014 after one standout season at Kansas. He was picked by the Cavaliers on draft night and later traded to Minnesota as part of a deal for Kevin Love.